SEC Form 4 · accession 0001225208-17-004630
CBS CORP · CBS, CBS.A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gil D Schwartz
Officer — Sr.EVP, Chief Commun. Officer
Period of report
Feb 23, 2017
Accepted (ET)
Feb 24, 2017 · 8:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000813828
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CBS Class B common stockF2 | Feb 23, 2017 | A | 3,096 | $0.00 | A | 56,786 | D | |
| CBS Class B common stock | Feb 23, 2017 | F | 1,734 | $66.31 | D | 55,052 | D | |
| CBS Class B common stock | holding | — | — | — | 4,698 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3,F4 | $66.31 | Feb 23, 2017 | A | 36,571 | A | Feb 23, 2018 | Feb 23, 2025 | CBS Class B common stock | 36,571 | 36,571 | D |
| Restricted Share UnitsF5,F6 | — | Feb 23, 2017 | A | 9,294 | A | Feb 18, 2018 | — | CBS Class B common stock | 9,294 | 17,156 | D |
| Restricted Share UnitsF5,F8 | — | Feb 23, 2017 | A | 7,238 | A | Feb 23, 2018 | — | CBS Class B common stock | 7,238 | 7,238 | D |
Explanation of responses
- F1Acquired in connection with the vesting of performance based restricted share units granted on February 18, 2016.
- F2On February 23, 2017, the closing price of the CBS Class B Common stock on the NYSE was $66.31.
- F3Right to buy under Issuer's long term incentive plan.
- F4This option vests in four equal annual installments beginning on February 23, 2018.
- F5Granted under the Issuer's long term incentive plan.
- F6These Restricted Share Units vest in three equal annual installments beginning on February 18, 2018 and are settled by delivery of a corresponding number of the Issuer's shares upon vesting.
- F7On February 23, 2017, the performance target associated with these Restricted Share Units was certified as having been achieved.
- F8These Restricted Share Units vest in four equal annual installments beginning on February 23, 2018 and are settled by delivery of a corresponding number of the Issuer's shares upon vesting.